In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Emerald Resources NL's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.16.
The industry rank for Emerald Resources NL's Net-Net Working Capital or its related term are showing as below:
EOGSF's Price-to-Net-Net-Working-Capital is ranked worse than 84.06% of 1123
companies
in the Metals & Mining industry
Industry Median: 7.1
vs EOGSF: 22.39
Emerald Resources NL (OTCPK:EOGSF) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Emerald Resources NL Net-Net Working Capital Related Terms
Emerald Resources NL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Emerald Resources NL's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Emerald Resources NL Net-Net Working Capital Chart
EOGSF vs NEM, AU: Net-Net Working Capital Comparison
For the Gold subindustry, Emerald Resources NL's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Emerald Resources NL Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Emerald Resources NL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Emerald Resources NL's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.16 mean?
Emerald Resources NL (EOGSF) has a Net-Net Working Capital of $0.16 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Emerald Resources NL According to the industry distribution chart, Emerald Resources NL ranks #944 out of 1123 companies in the Metals & Mining industry, placing it in the top 84.1%.
Is Emerald Resources NL's Net-Net Working Capital too high?
Emerald Resources NL's current Net-Net Working Capital is $0.16. The Metals & Mining industry median Net-Net Working Capital is 7.10. Emerald Resources NL's value of $0.16 is 97.7% below this industry median. Based on the distribution chart, Emerald Resources NL ranks #944 out of 1123 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Emerald Resources NL has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emerald Resources NL's Net-Net Working Capital compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Emerald Resources NL ranks #944 out of 1123 companies for Net-Net Working Capital. This places Emerald Resources NL in the lower half of its industry. The industry median Net-Net Working Capital is 7.10. Emerald Resources NL's value of $0.16 is 97.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.10, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emerald Resources NL's current Net-Net Working Capital of $0.16 is 97.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Emerald Resources NL For the Metals & Mining industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Resources NL's current Net-Net Working Capital is $0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Resources NL stock overvalued right now?
Based on GuruFocus' analysis, Emerald Resources NL (EOGSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.11, compared to a current price of $3.81 — trading 22.4% above its estimated fair value. The current Net-Net Working Capital is $0.16 and 97.7% below the Metals & Mining industry median of 7.10. Emerald Resources NL's overall GF Score™ is 62/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Emerald Resources NL (EOGSF), the current Net-Net Working Capital is $0.16 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Emerald Resources NL (EOGSF) Overvalued in 2026?
Based on GuruFocus' analysis, Emerald Resources NL stock appears to be overvalued.
The current stock price of $3.81 is trading 22.4% above its estimated GF Value™ of $3.11.
GuruFocus considers Emerald Resources NL to be Modestly Overvalued.
Key valuation signals for EOGSF:
Net-Net Working Capital: $0.16
GF Value™: $3.11 vs. price of $3.81 (22.4% above fair value)
Industry Position: 97.7% below the Metals & Mining median (#944 of 1123)
No single metric tells the full story. See the EOGSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emerald Resources NL is engaged in mineral exploration primarily in Cambodia and advancing the company's Okvau Gold Project. The company's operating segments include Mine Operations, Exploration, and Others. Its geographical segments include Cambodia, and Western Australia, The company's project includes the Cambodia Gold project and the Magoffin County project.
62GF Score
Get the complete analysis for EOGSF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EOGSF has been successfully added to your 
